Exceptional opportunity to acquire a high grossing, extremely profitable 2000sqft restaurant established since 2011. Located on a prime corner. in South Beach. A block away from the beach. Large covered outdoor seating. 38 seats in+ 38 seats out. Restaurant produced over $1.7M in gross sales with no advertising. High traffic area surrounded by many hotels. Good lease in place. Rent $19,834 per month. Seller is leasing a small office/storage in the building for an additional $1700 a month. Business is well structured around approx. 14 employees on W2. May qualify for an E2 visa. Owner's benefit over $440,000 in 2023 . Gross Sales 2024 approx $1.6M. Simple American/European cuisine is served. Very strong breakfast and lunch. It is your chance to buy an exceptional location real money maker.
000 COLLINS, Miami Beach, FL, 33139
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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